by The pet food bowl market involves the manufacturing of feeding bowls for companion animals including dogs and cats. Pet food bowls come in various designs, sizes, and materials to suit individual pet needs and preferences of owners. Stainless steel and ceramic pet bowls are highly popular owing to their durability and ability to withstand damage from chewing. Plastic bowls offer a cheaper alternative and are lightweight for easy portability. The growing humanization of pets and rising disposable income have fueled pet ownership rates globally. This has significantly driven the demand for quality pet care products like food and water bowls.
The global pet food bowl market is estimated to be valued at US$ 5.22 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
Key Takeaways
The Pet Food Bowl Market Size offers significant growth opportunities through new product launches focusing on design aesthetics, material innovation, and health benefits. Technological advancements like self-cleaning bowls equipped with sensors for detecting liquids are gaining popularity among tech-savvy pet owners.
Market drivers
The key driver for the pet food bowl market is the rising pet adoption globally. Factors like growing urbanization, nuclear families, and increasing popularity of pet therapy have encouraged pet keeping, especially in developing regions. This has augmented the demand for quality and specialized pet care accessories. Another major growth driver is the surging disposable incomes allowing owners to spend more on pet food, healthcare, and other ancillary products. Premiumization trend of the industry through innovative designs and features also stimulates market revenues. Growing humanization of pets and awareness about pet health further propels the sales of pet feeding and drinking hardware.
Key players operating in the Pet Food Bowl Market Size are Petmate, IRIS USA, Outward Hound, Trixie, Goofy Tails Private Limited., Nobby Pet Shop GmbH, Prevue Hendryx, Pet Life LLC, JW Pet Company, Honeys Real Dog Food, Sudesh Art & Crafts Pvt. Ltd, PoochMate, KingStar Industries Co., Ltd, Kanary Inc, Kumar Industries, Basis Products., King International, Lord Krishna Co., Bestie Pet Products, and Kaushalam Creations.
Current Challenges in Pet Food Bowl Market
The pet food bowl market is facing challenges such as rising cost of raw materials and supply chain disruptions due to COVID-19 pandemic. Raw materials used in manufacturing pet food bowls such as stainless steel, plastic, rubber etc have witnessed price inflation in recent times making it difficult for manufacturers to maintain profit margins. Further, restrictions imposed during lockdowns hampered manufacturing and transportation activities impacting availability of pet food bowls.
SWOT Analysis
Strength: Growing pet humanisation trend and increasing pet population in developing nations is driving demand for specialised products like pet food bowls.
Weakness: Intense competition from local and regional players eroding margins of established brands.
Opportunity: Innovations in material, design and added features of pet food bowls can capture greater market share. Growing e-commerce is facilitating expansion into new geographies.
Threats: Economic slowdowns impacting disposable incomes can negatively impact spend on pet accessories like food bowls. Stringent regulations pertaining to use of certain materials can limit product development.
Geographical Regions: North America and Europe
Currently, North America and Europe together account for over 60% of the global pet food bowl market in terms of value owing to high pet ownership rates and spending power of consumers in countries like the US, Germany, UK, France etc. Pet humanisation trend is strongly influencing purchase of specialised pet products across these developed nations.
Fastest Growing Region: Asia Pacific
Asia Pacific region is poised to be the fastest growing market for pet food bowls during the forecast period supported by factors like rising middle class, increasing pet adoption and surging disposable incomes in developing economies of India, China, Indonesia, Thailand etc. Rapid urbanisation and nuclear family structure is driving demand for pets as companions augmenting spend on pet care accessories.
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
